News Corp. Christens Entertainment Co.

  • Karpal and I never quarrelled even though we belonged to different parties, says Ling
    Karpal and I never quarrelled even though we belonged to different parties, says Ling

    Bukit Gelugor MP Karpal Singh and former transport minister Tun Dr Ling Liong Sik never quarrelled or fought, despite being in different parties with competing ideas about politics. This was because the former MCA chairman and the late DAP stalwart had forged a friendship at university, which Dr Ling said stood the tests that politics threw at... …

  • Law students hold candlelight vigil for Karpal
    Law students hold candlelight vigil for Karpal

    A group of first-year law students held a candlelight vigil at the Esplanade in George Town, Penang, tonight for their idol, the late Bukit Gelugor MP Karpal Singh. The students had planned an impromptu vigil for Karpal, who they credited with inspiring them to take up law as a career choice. “We planned the event on Facebook and word got... …

  • Michael Cornelius — Karpal’s loyal ‘other half’
    Michael Cornelius — Karpal’s loyal ‘other half’

    GEORGE TOWN, April 18 — Karpal Singh’s loyal aide Michael Cornelius Selvam Vellu, who also died in the accident that killed Karpal yesterday, was almost like Karpal’s “other half”. The trained... …

  • Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’
    Umno lawyer calls Karpal ‘one of the most ethical criminal lawyers’

    Umno lawyer Tan Sri Muhammad Shafee Abdullah had plenty of encounters in the courts with the late Karpal Singh but today, he paid tribute to the veteran lawyer who died in an accident yesterday. Shafee said Karpal was “one of the most ethical criminal lawyers” he used to appear with while acting as deputy public prosecutor or counsel for the... …

  • Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death
    Gerakan calls Karpal elder statesman, Samy Vellu cries over news of death

    In an ultimate accolade, Gerakan, DAP’s political rival in Penang, today praised Karpal Singh as an elder statesman and a true Malaysian. State Gerakan deputy president Datuk Dr Cheah Soon Hai said Karpal was one of the few people in the country who had left a legacy. He said the former DAP chairman was a legend in both the political and... …

  • Abdullah pays tribute to Karpal’s life of service – Bernama
    Abdullah pays tribute to Karpal’s life of service – Bernama

    Former prime minister Tun Abdullah Ahmad Badawi said Karpal Singh, who died in a road accident yesterday, led a life of tireless commitment and service to the people.  “We are poorer for the loss of a great legal mind and a crusader for justice and human rights," he said as he extended condolences to the family of the former DAP chairman and... …

News Corporation (NWSA) recently announced that post split, its new independent media company will be christened 21st Century Fox. The company is on the verge of splitting its operations into 2 separate publicly traded publishing and entertainment entities.

The Entertainment Company (to be named 21st Century Fox) will encompass cable and television assets, filmed entertainment, and direct satellite broadcasting businesses including Fox broadcasting, cable network, Fox News Channel, the 20th Century Fox movie studio, BSkyB, Sky Italia, Sky Deutschland, and pay-TV operations in Europe and India.

The company is also fortifying its entertainment division by focusing on enhancing its portfolio of regional sports channels to solidify its Fox Sports Media Group’s position in the lucrative sports entertainment business, where it competes with Walt Disney Company’s (DIS) sports coverage network, ESPN.

Earlier, the company revealed that its new publishing company will start operations with $2.6 billion in cash and no debt once its planned spin-off is completed.

The Publishing Company (to be known as News Corporation) will comprise publishing businesses, education unit and the integrated marketing services business, with brands like The Wall Street Journal, HarperCollins and Amplify.

News Corporation named Robert Thomson, Editor-in-Chief of Dow Jones and managing Editor of The Wall Street Journal, as the new CEO of its publishing company. Alongside, Michael Florin has been appointed as the Senior Vice President and Head of Investor Relations for the new publishing company.

We believe that the split will augur well for News Corporation, which has been in troubled waters since the revelation of the phone hacking scandal that eventually led to the closure of the publication of ‘The News of the World’. Moreover, the company was held back from acquiring the remaining 61% stake in the British Sky Broadcasting Group.

Further with adequate cash, the new News Corporation will be better positioned than its peers, The New York Times Company (NYT) and Gannett Co., Inc. (GCI) to look for strategic acquisitions and expand its business.

Currently, shares of News Corp retain a Zacks Rank #3 (Hold).

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  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
    Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy

    KUALA LUMPUR, April 18 — A feud is breaking out between former Perkasa vice president Datuk Zulkifli Noordin and Umno Youth chief Khairy Jamaluddin on Twitter. Told unequivocally by the minister... …

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …